Major Commodity Trader Sees Looming Oil Price Spikes

While traders and investors in the paper oil market are focused on looming recessions and interest rate hikes, those on the ground – executives at oil producers and commodity traders – warn of oil price spikes in the future as years of underinvestment have depleted capacity and the potential of new oil production to fill the growing supply gap.  Recession Fears Drag Oil $40 A Barrel Down From Spring PeakGrowing fears of imminent recessions in Europe and possibly in the United States have dominated the sentiment in the oil market…